Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 3,031 $ 3,007 Accounts payable $ 2,183 $ 2,660 Accounts receivable 4,737 5,721 Notes payable 1.780 2,176 Inventory 12,598 13,722 96 113 Other Total $20,366 $22,450 Total $ 4,059 $ 4,949 $ 13,900 $16,660 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 41,000 $41,000 15,684 39,550 Fixed assets Net plant and equipment $ 54,277 $ 79,709 Total 80.550 $56,684 $ Total assets $ 74,643 $102,159 Total liabilities and owners' equity 102,159 $ 74,643 $ SMOLIRA GOLF, INC. 2014 Income Statement 188.570 Sales $ 126,803 Cost of goods sold Depreciation 5,273 EBIT Interest paid $56,494 1,370 Taxable income Taxes $ 55,124 19,293 Net income $ 35,831 Dividends Retained earnings $ 11,965 23,866 Required: Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16). Enter the profitability ratios as percents.) 2013 2014 Short-term solvency ratios 5.01 4.53 times a. Current ratio times 1.91 1.76 times b. Quick ratio times 0.04 0.02 times C. Cash ratio times X Asset utilization ratios 1.845 times d. Total asset turnover o 9.24 times e. Inventory turnover 32.96 times f. Receivables turnover Long-term solvency ratios 0.75 0.78 g. Total debt ratio times times X 83 times times times times h. Debt-equity ratio i. Equity multiplier Times interest earned ratio times j. times k. Cash coverage ratio Profitability ratios I. Profit margin m. Return on assets % % n. Return on equity %